FTSE 100 Declines With Earnings In Focus

RTTNews | 663 дней спустя
FTSE 100 Declines With Earnings In Focus

(RTTNews) - U.K. stocks traded lower on Wednesday, with mixed earnings updates and caution ahead of the Fed and ECB meetings keeping underlying sentiment cautious.

The benchmark FTSE 100 was down 21 points, or 0.3 percent, at 7,671 after rising 0.2 percent in the previous session.

Mining giant Rio Tinto dropped 1.7 percent after reporting its lowest first-half year profits since the pandemic.

Lender Lloyds Banking Group lost 2.2 percent after first-half profit missed expectations.

NatWest gave up nearly 3 percent. CEO Alison Rose quit today after admitting a "serious error of judgment" in speaking to a reporter about the banking affairs of arch-Brexiteer Nigel Farage.

On the positive side, aircraft-engine manufacturer Rolls-Royce jumped more than 18 percent after unexpectedly raising its full-year operating profit forecast by around 45 percent.

read more
China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
RTTNews | 1ч 40мин назад
Thai Downgrades GDP Growth Outlook

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | 3ч 14мин назад
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...
RTTNews | 4ч 6мин назад
Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | 5ч 44мин назад
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are mostly lower on Monday, following the positive cues from Wall Street on Friday, as traders react to surprise downgrade of the US government's credit rating by one notch to Aa1 by Moody's Ratings, being the last of the three major credit rating agencies to downgrade it. They also react to China announcing anti-dumping duties on plastics from the U.S., EU, Japan and Taiwan.
RTTNews | 6ч 0мин назад